State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-30

58-5-30. Contingent liability of member of mutual insurer not terminated by termination of policy. Termination of the policy of any member of a domestic mutual insurer shall not relieve him of contingent liability for his prorata share, if any, of the obligations of the insurer which accrued while the policy was in force.

Source: SL 1966, ch 111, ch 16, § 29 (2).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-30

58-5-30. Contingent liability of member of mutual insurer not terminated by termination of policy. Termination of the policy of any member of a domestic mutual insurer shall not relieve him of contingent liability for his prorata share, if any, of the obligations of the insurer which accrued while the policy was in force.

Source: SL 1966, ch 111, ch 16, § 29 (2).